(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.58% for the last 10 sessions. At 03:07 EST on Tuesday, 7 February, GBP/EUR (GBPEUR) is $1.12.
GBP/EUR’s yearly highs and lows, it’s 3.635% up from its 52-week low and 8.057% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.41%, a negative 0.02%, and a positive 0.36%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.51% (last week), 0.30% (last month), and 0.36% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR’s Forex is considered to be overbought (>=80).
News about
- Eur/usd forex signal: room for more downside – 06 February 2023. According to DailyForex on Monday, 6 February, "The EUR/USD price has been in a strong downward trend after the latest American jobs numbers. ", "The EUR/USD price came under intense pressure after an extremely busy week that saw the Federal Reserve and the European Central Bank (ECB) make their first decisions of the year. "
- Eur/usd price analysis: stays pressured towards 50-dma support. According to FXStreet on Monday, 6 February, "However, a three-month-long upward-sloping trend line, close to 1.0655 could challenge the EUR/USD bears afterward.", "Overall, EUR/USD is likely to remain bearish with the 50-DMA and ascending trend line from November 11 acting as immediate support to watch."
- Two key prerequisites for substantial progress above 1.10 in eur/usd and 1.25 in gbp/usd – BMO. According to FXStreet on Monday, 6 February, "Economists at the bank of Montreal point out prerequisites needed to lift EUR/USD and GBP/USD above 1.10 and 1.25, respectively.", "Progress in the Ukraine war, limited disappointment in energy prices, and smooth global trade (‘Goldilocks’) may also be prerequisites for substantial progress above 1.10 in EUR/USD and 1.25 in GBP/USD."
- Eur/usd price analysis: treads water beyond 1.0760 key support. According to FXStreet on Monday, 6 February, "To sum up, EUR/USD stays on the buyer’s radar unless it breaks the 1.0760 support confluence.", "In a case where EUR/USD remains bearish past 1.0760, the 61.8% Fibonacci retracement level, also known as the "golden level", could act as the last defense of the pair buyers around 1.0690."
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